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Hike in Budget Allocation for higher education bodes well for Institutions

Hike in Budget Allocation for higher education bodes well for Institutions

225 Mar 7, 2016

HRD ministry on Friday said that proposals to establish
Higher Education Financing Agency (HEFA) and turning 10 public and private
institutions into world class educational institutions could be a game changer
as there has been a substantial hike in budget allocation for higher school
education.

Education secretary Vinay Sheel Oberoi commented that how 10
institutions each from public and private would be selected will be worked out
in the next few months.

As per HRD ministry, that these institutes will have foreign
faculty on the guidelines of Global Initiative of Academic Network (GIAN). They
will design framework of every institute separately.

R Subramanyam, Uchchatar Avishkar Abhiyan, additional
secretary said that 160 proposals have already came in worth Rs 623 crore of
which industry will contribute Rs 156 crore. In the first year only IITs were
involved. This will give a big push to government's Make in India programme.

Smriti Irani, HRD minister said that opening of 62 new
Navodaya Vidyalayas will boost rural education in India. Further, Mahila
Samakhya will be taken over by the National Rural Livelihod Mission of Rural
Development ministry.